• To do list

    Keep separate lists to ensure your to-dos don't get cluttered and gain stress-free productivity, Ian Mann.

  • Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

  • Govt is out of touch

    Journalists seems to know more than those paid to govern us, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Implats workers want to double wages

Sep 11 2012 08:00
Reuters

Johannesburg - Impala Platinum Holdings [JSE:IMP], the world's No.2 platinum producer, said on Tuesday workers had demanded a second pay hike this year, to effectively double their wages in six months, the latest sign of labour unrest in the sector.

The demand comes as South African miners grapples with a wave of strikes that last month led to the death of 44 people, 34 at the hands of the police.

The unrest has also spread to gold producers, with Gold Fields [JSE:GFI] reporting that 15 000 miners had embarked on a wildcat strike at its KDC operations.

Implats granted workers an increase after a strike shut down production at its key Rustenburg operations in January and February this year, but the platinum producer says workers now want more.

"We believe that current tensions are an issue for the entire industry," said Implats chief executive Terence Goodlace in a statement.

He said that profit margins were under severe pressure "with consequences for all concerned".

South Africa's platinum industry has been struggling to survive as input costs such as electricity have spiked and metals prices fall.


*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

 

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
50 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...